Surging Tesla shares have pushed the company’s market capitalization to more than $515 billion, a fivefold increase since the start of the year. From a report: The traditionally volatile stock has continued to experience price swings. But since reaching a low for the year in March, Tesla’s share price has been on an upwards trajectory that accelerated in August. Tesla’s share…
Tag: Ford Motor Co
Tesla Becomes Most Valuable Automaker in Latest Stock Rally
Tesla on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalization overtook that of former front runner Toyota Motors. From a report: Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion – roughly $6 billion more than Toyota is currently…